Will Selling Cost You Money in San Diego?

Will selling cost you money? Many people list their house, not taking into account what it will actually cost them. There are fees and expenses you should be aware of before you list with an agent. In our latest post, we will let you know what costs to expect when selling a home in San Diego!

Have you decided to sell your house in San Diego? There are many things to consider before you decide how to sell! Keep in mind, listing your house will cost you money both up-front and once the property closes. You must factor this in when pricing your house and deciding who you want to work with.

Studies show that the average amount it takes to sell a house in the US is $15,200! That’s a lot of money! Keep in mind, that number varies widely based on where you live and the price of your home.

Will Selling Cost You Money in San Diego?

Agent Commissions – Commissions will typically run about 6% of the final sale price of the home. You will know the agent’s cut when you sign your listing agreement. While this money isn’t paid upfront, it is deducted from the amount you walk away with. Keep this in mind when pricing your home.

Agent Fees – Depending on the agency, there might be additional fees charged throughout the selling process. Some agents will pass on marketing and listing fees directly to their clients. Make sure you know what’s included and what you will have to pay for when all is said and done.

Closing Costs – Closing costs include many items that are paid at the closing table. These include transfer fees, title insurance, title search fees, recording fees, transfer taxes, appraisal costs, discount points, credit report fees and more. Expect to pay about 2% of the final sale price in closing costs.

Taxes – When you list your home for sale, you are responsible for the property taxes, utilities and homeowners insurance up until the day of closing. These amounts can add up to thousands should it take a few months for the property to sell and close. Once you decide to sell, the sooner it happens, the better!

Preparing Your House for The Market – There is a lot of energy, time and money that go into getting a house ready to sell. There are repairs to make, walls to paint and carpets to clean. You will want to remove personal belongings and stage the home for selling. Whether you work with a professional or do it on your own, you are likely to spend money on new decorative pieces in the house. You should also clean up the yard but also consider some new landscaping to bring more curb appeal to the property.

Inspections – While it certainly isn’t required, more and more sellers are paying to have their home’s inspected before listing them. This will cost approximately $200 and up. By doing an inspection before you list, you will be able to address any issues with the home before thy pop up in your buyer’s inspection. This will also give you negotiating power during the selling process.

Storage and Moving – While moving isn’t technically a selling cost, it is a large expense you will have to make once the house closes (if you haven’t done so already.) Whether you hire movers or do it yourself, moving can get expensive! How far are you going? Will you need a truck? Or pizza to bride your friends? You will also want to consider storage costs if you are living in the home while waiting for it to sell. Packing up unnecessary items ahead of time will make the house look nicer and give you an edge when it’s time to move.

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Benchmark Property Group

This year was a crossroads for me to sell my home. My husband and I spent our whole married lives in this house. I contacted a Realtor, entertained several companies that flipped houses; then a letter came in the mail from Jason Lewis of the Benchmark Property Group. I called him and scheduled a meeting at my home. We talked for several hours, he presented his offer and stated, “Think it over and if it is something you feel you want to do, just call me”. I wanted Jason to understand the timetable situation and that I still had not found another place to move to as yet. I wanted to move closer to my grandchildren in Temecula, I needed to handle a family situation in Arizona and would be gone approximately 6 to 8 weeks. No problem he said we can work with you. He suggested a realtor that knew the Temecula area; We finally found a house just two days before leaving for Arizona. Jason then took care of handling all the paper transactions via email with an Escrow company. I just want to thank Jason for the consideration and understanding shown to me throughout this transaction. I now have a nice home within several miles of my grandchildren, Thank You Jason.”

“It was a great pleasure dealing with Jason Lewis with Benchmark Property Group, Inc. Our property at 619 Parker Street in Oceanside, CA, was our first home for my husband “Pete” and I. After serving in the Marine Corp out of Camp Pendleton, we moved to Orange County and rented out this property. Over the years, the foundation began to crack in many places and we weren’t in a position to financially repair it. My husband passed in December 2014 and it was at that time I decided to part with our first property. Jason had sent my husband a letter many years earlier and upon going through his things, we found the letter. We contacted Jason and one other individual (that I will not name) about buying the property. The first person contacted was not comfortable with purchasing the property, but Jason had no problem and with just talking to Jason, I was very comfortable with dealing with him and his company going forward. I met with Jason and his staff to go over the house so he could decide what needed to be done and how much he was going to offer. Jason’s offer was more than a fair price for the house and as promised, he allowed us to view the property after being fixed up. It was truly a pleasure to deal with Jason and his company. He did such an amazing job with the property. Thank you so much Jason!”

“I don’t know where to start about how helpful Jason Lewis was for us and how easy he was to work with. My wife had half ownership of a home in San Diego and a relative owned the other half. In this situation communication was very challenging. The idea of listing the property in the “normal” way was not likely to work well. Full disclosure here, I am a licensed Realtor in another state and I believe in the “normal” way of selling homes! KB We had received numerous inquiries regarding this place from a number of investors. Jason promptly and courteously replied. He took the time to actually listen to the details of the situation without interruption. He then suggested a very straightforward proposal. The sale of the house to Jason recently closed and we couldn’t be happier. We really believe that this may have been the only way we could have succeeded in getting this done! Jason followed through on everything! An honest person and a good man who sincerely makes an effort to work through the difficulties that can arise in these transactions. We wholeheartedly recommend him!”

I would like to take this opportunity to thank you so much for for patience, kindness and understanding in regards to this difficult probate case. Never could I have thought it would take almost three and a half years to go through the process to settle this case. I am so thankful that I choose you to purchase and remodel my Aunt’s home. Thank you for showing us my Aunt’s house after you remodeled it. It is beautiful!!!!!